Wheels India Limited share price
Wheels India Limited, together with its subsidiary, manufactures and sells automotive and industrial components in India and internationally. The company provides steel, cast aluminum, forged aluminum, and wire wheel for use in passenger and light cargo vehicles, trucks, trailers, buses, agriculture and farm equipment, off-road vehicles, and defense vehicles; vehicle chassis and suspensions; wind turbines; fabricated and precision products for construction, mining vehicle, and other equipment; hydraulic cylinders for energy equipment and off-road vehicles; and railway products, such as bogie frames and bolsters. It also offers components and structures for windmill, railways, and thermal po…Read more
- Market Cap₹ 6,589 Cr.
- Current Price₹ 2,452.70
- High / Low₹ 2,498 / 706
- Stock P/E36.7
- Book Value₹ 426
- Dividend Yield0.60 %
- ROCE22.4 %
- ROE15.80 %
- Face Value₹ 10.0
More figures (10)
- EPS (TTM)₹ 66.90
- Price / Book5.75
- OPM6.0 %
- Debt / Equity0.74
- Sales growth (5Y)17.8 %
- Profit growth (5Y)320.7 %
- Promoter holding55.2 %
- EV / EBITDA16.1
- Beta0.45
- All-time high₹ 2,498
Price chart
| Returns | 1M | 3M | 6M | YTD | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| WHEELS | +16.21% | +65.39% | +138.64% | +185.10% | +166.66% | +47.74% | +25.99% |
| Nifty 50 | -0.31% | -3.85% | -4.34% | -11.42% | -9.53% | +5.46% | +4.76% |
Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.
Quick take
- Wheels India Limited is in the Auto Parts industry (Consumer Cyclical), with a market value of ₹6,589 crore.
- It trades at 36.7 times its last 12 months' earnings and 5.8 times book value.
- Revenue grew 17.8% a year over the last 5 years, profit 320.7% a year.
- Return on equity was 15.8% and return on capital employed 22.4% in the latest year.
- Debt was 0.74 times shareholders' equity.
- The share price is 1.8% below its 52-week high and up 166.7% over one year.
- Promoters and insiders hold about 55.2%; institutions about 4.3%.
Pros
AI- Sales have grown 17.8% a year over the last 5 years.
- Profit has grown 320.7% a year over the last 5 years.
- Latest quarter (Jun 2026): sales up 18% and profit up 27% from a year ago.
Cons
AI- Trades at 36.7 times earnings, above its 3-year median of 22.2.
- Institutional (FII + DII) holding has fallen by 8.7 points over 3 years.
Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.
About Wheels India Limited
Wheels India Limited, together with its subsidiary, manufactures and sells automotive and industrial components in India and internationally. The company provides steel, cast aluminum, forged aluminum, and wire wheel for use in passenger and light cargo vehicles, trucks, trailers, buses, agriculture and farm equipment, off-road vehicles, and defense vehicles; vehicle chassis and suspensions; wind turbines; fabricated and precision products for construction, mining vehicle, and other equipment; hydraulic cylinders for energy equipment and off-road vehicles; and railway products, such as bogie frames and bolsters. It also offers components and structures for windmill, railways, and thermal power plants. The company was incorporated in 1960 and is headquartered in Chennai, India.
- Employees
- 2,735
- Head office
- Chennai
Peer comparison
| Company | Market cap (₹ Cr) | P/E | P/B | ROE | OPM | Sales CAGR | Div. yield |
|---|---|---|---|---|---|---|---|
| Wheels India LimitedWHEELS | 6,589 | 36.7 | 5.75 | 15.8% | 6.0% | +5.9% | 0.60% |
| Samvardhana Motherson International LimitedMOTHERSON | 1,70,090 | 38.6 | 4.11 | 10.2% | 5.5% | +17.1% | 0.31% |
| Bosch LimitedBOSCHLTD | 1,34,384 | 56.9 | 9.05 | 19.4% | 11.4% | +10.3% | 0.60% |
| Apollo Tyres LimitedAPOLLOTYRE | 25,863 | 15.1 | 1.55 | 8.7% | 9.5% | +5.4% | 1.45% |
| S.J.S. Enterprises LimitedSJS | 6,469 | 31.0 | 7.40 | 22.1% | 22.9% | +30.1% | 0.18% |
Companies in the same industry (Auto Parts). Tap a heading to sort. Sorting is a way to explore data, not a recommendation.
Quarterly Results
Consolidated figures in ₹ croreStandalone figures in ₹ crore /
Source: the company's results filed with NSE, as reported. EPS restated for bonus issues and splits. Tap a row marked + for its breakdown. Latest quarter on the right.
Profit & Loss
Consolidated figures in ₹ croreStandalone figures in ₹ crore /
| ₹ Cr | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| 2,610 | 2,610 | 2,672 | 2,413 | 3,966 | 4,651 | 4,977 | 4,744 | 5,465 | 5,690 | |
| YOY Sales Growth % | 2.35% | -9.67% | 64.35% | 17.26% | 7.01% | -4.68% | 15.19% | |||
| 2,412 | 2,412 | 2,500 | 2,270 | 3,712 | 4,433 | 4,711 | 4,392 | 5,052 | 5,259 | |
| Material Cost % | 67% | 67% | 70% | 69% | 73% | 74% | 72% | 70% | 68% | 68% |
| Employee Cost % | 11% | 11% | 12% | 12% | 10% | 10% | 10% | 11% | 11% | 11% |
| Other Expenses % | 15% | 15% | 12% | 12% | 11% | 12% | 12% | 12% | 13% | 14% |
| Operating Profit | 199 | 199 | 172 | 143 | 255 | 218 | 266 | 352 | 413 | 431 |
| OPM % | 8% | 8% | 6% | 6% | 6% | 5% | 5% | 7% | 8% | 8% |
| 8 | 8 | 8 | 2 | 12 | 21 | 8 | 5 | 23 | 21 | |
| Exceptional items | 12 | 12 | ||||||||
| Interest | 45 | 45 | 67 | 59 | 71 | 103 | 123 | 122 | 120 | 118 |
| Depreciation | 70 | 70 | 78 | 86 | 101 | 72 | 85 | 93 | 115 | 122 |
| Profit before tax | 104 | 104 | 36 | 1 | 95 | 64 | 67 | 142 | 201 | 213 |
| 29% | 29% | -33% | 76% | 25% | 23% | 24% | 26% | 25% | 27% | |
| Current tax | 34 | 34 | 12 | 1 | 27 | 12 | 12 | 29 | 41 | |
| Deferred tax | -4 | -4 | -24 | -1 | -3 | 3 | 4 | 8 | 10 | |
| 75 | 75 | 47 | 0 | 74 | 54 | 59 | 112 | 158 | 166 | |
| Profit from associates | 2 | 2 | -0 | -0 | 3 | 5 | 8 | 7 | 9 | 10 |
| Minority share | 0 | 0 | -2 | -2 | -2 | -4 | -4 | 1 | ||
| Profit to shareholders | 75 | 75 | 49 | 2 | 76 | 58 | 63 | 31 | ||
| YOY Profit Growth % | -37.32% | -99.75% | 61,716.67% | -27.00% | 8.77% | 90.48% | 40.88% | |||
| EPS in Rs | 31.21 | 31.21 | 20.39 | 0.76 | 31.78 | 24.13 | 25.69 | 45.39 | 63.44 | 66.90 |
| Dividend Payout % | 47% | 15% |
Compounded Sales Growth
- 5 Years:
- 18%
- 3 Years:
- 6%
- TTM:
- 17%
Compounded Profit Growth
- 5 Years:
- 321%
- 3 Years:
- 43%
- TTM:
- 40%
Stock Price CAGR
- 5 Years:
- 26%
- 3 Years:
- 48%
- 1 Year:
- 167%
Return on Equity
- 4 Years:
- 11%
- Last Year:
- 16%
| ₹ Cr | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| 2,508 | 2,508 | 2,429 | 2,212 | 3,687 | 4,332 | 4,607 | 4,415 | 5,098 | 5,296 | |
| YOY Sales Growth % | -3.16% | -8.93% | 66.69% | 17.51% | 6.35% | -4.16% | 15.47% | |||
| 2,317 | 2,317 | 2,262 | 2,073 | 3,436 | 4,112 | 4,343 | 4,089 | 4,721 | 4,901 | |
| Material Cost % | 67% | 67% | 69% | 69% | 73% | 73% | 72% | 70% | 68% | 68% |
| Employee Cost % | 10% | 10% | 12% | 12% | 10% | 10% | 10% | 11% | 11% | 11% |
| Other Expenses % | 15% | 15% | 12% | 12% | 11% | 12% | 12% | 12% | 13% | 14% |
| Operating Profit | 191 | 191 | 166 | 139 | 250 | 220 | 264 | 327 | 378 | 395 |
| OPM % | 8% | 8% | 7% | 6% | 7% | 5% | 6% | 7% | 7% | 7% |
| 9 | 9 | 10 | 4 | 14 | 23 | 12 | 10 | 26 | 28 | |
| Exceptional items | 12 | 12 | ||||||||
| Interest | 45 | 45 | 62 | 53 | 63 | 92 | 108 | 110 | 112 | 110 |
| Depreciation | 67 | 67 | 70 | 81 | 95 | 66 | 79 | 86 | 107 | 113 |
| Profit before tax | 101 | 101 | 45 | 10 | 107 | 86 | 89 | 141 | 185 | 200 |
| 29% | 29% | -21% | 31% | 25% | 24% | 24% | 25% | 25% | 25% | |
| Current tax | 34 | 34 | 12 | 1 | 27 | 12 | 12 | 29 | 41 | |
| Deferred tax | -5 | -5 | -22 | 2 | -0 | 8 | 9 | 7 | 6 | |
| 72 | 72 | 54 | 7 | 80 | 65 | 68 | 106 | 139 | 149 | |
| Profit to shareholders | 72 | 72 | 54 | |||||||
| YOY Profit Growth % | -24.61% | -87.53% | 1,082.07% | -18.32% | 4.14% | 55.96% | 30.90% | |||
| EPS in Rs | 29.83 | 29.83 | 22.49 | 2.80 | 33.16 | 27.08 | 27.78 | 43.32 | 56.71 | 61.06 |
| Dividend Payout % | 42% | 14% | 27% | 22% |
Compounded Sales Growth
- 5 Years:
- 18%
- 3 Years:
- 6%
- TTM:
- 17%
Compounded Profit Growth
- 5 Years:
- 83%
- 3 Years:
- 29%
- TTM:
- 40%
Stock Price CAGR
- 5 Years:
- 26%
- 3 Years:
- 48%
- 1 Year:
- 167%
Return on Equity
- 4 Years:
- 11%
- Last Year:
- 16%
Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. EPS restated for bonus issues and splits. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.
Balance Sheet
Consolidated figures in ₹ crore, as at 31 March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 24 | 24 | 24 | 24 |
| Reserves | 760 | 815 | 898 | 1,017 |
| 819 | 778 | 737 | 768 | |
| Long term borrowings | 206 | 288 | 303 | 257 |
| Short term borrowings | 592 | 472 | 422 | 432 |
| 1,444 | 1,487 | 1,547 | 1,717 | |
| Trade payables | 1,155 | 1,197 | 1,221 | 1,338 |
| Minority interest | 13 | 9 | 10 | 13 |
| Current liabilities | 1,978 | 1,898 | 1,881 | 2,063 |
| Total Liabilities | 3,048 | 3,104 | 3,206 | 3,527 |
| 1,150 | 1,221 | 1,330 | 1,564 | |
| Gross block | 2,116 | 2,266 | 2,436 | 2,745 |
| Accumulated depreciation | 966 | 1,044 | 1,107 | 1,181 |
| Goodwill & intangibles | 34 | 36 | 35 | 37 |
| CWIP | 124 | 108 | 69 | 94 |
| 1,774 | 1,775 | 1,807 | 1,869 | |
| Inventories | 884 | 883 | 769 | 746 |
| Trade receivables | 769 | 726 | 801 | 819 |
| Cash & equivalents | 4 | 5 | 4 | 4 |
| Current assets | 1,818 | 1,788 | 1,747 | 1,804 |
| Total Assets | 3,048 | 3,104 | 3,206 | 3,527 |
Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.
Cash Flows
Consolidated figures in ₹ crore, financial years ending March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 370 | 329 | 400 | 477 | |
| Profit for the year | 55 | 63 | 111 | 155 |
| Working capital changes | 146 | 54 | 44 | 48 |
| Direct taxes paid | -11 | -28 | -10 | -33 |
| -152 | -150 | -213 | -292 | |
| Fixed assets purchased | -155 | -150 | -209 | -277 |
| Fixed assets sold | 2 | 0 | 1 | 2 |
| Investments purchased | -4 | -11 | -26 | |
| Investments sold | 2 | |||
| -216 | -146 | -188 | -175 | |
| Proceeds from borrowings | 104 | 129 | 172 | 107 |
| Repayment of borrowings | -180 | -135 | -91 | -134 |
| Interest paid | -104 | -120 | -113 | -118 |
| Dividends paid | -27 | -10 | -29 | -30 |
| Net Cash Flow | 3 | 34 | -0 | 11 |
| Free Cash Flow | 215 | 179 | 191 | 201 |
Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.
Ratios
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| ROE | 7.1% | 7.7% | 12.6% | 15.8% |
| ROCE | 16.0% | 16.3% | 20.4% | 22.4% |
| Operating margin | 3.4% | 4.3% | 5.9% | 6.0% |
| Net margin | 1.3% | 1.4% | 2.5% | 3.1% |
| Debt / equity | 1.04 | 0.93 | 0.80 | 0.74 |
| Current ratio | 0.92 | 0.94 | 0.93 | 0.87 |
Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities).
Shareholding Pattern
Numbers in percentages · as filed with NSE each quarter
- Promoters 56.86%
- FIIs 2.57%
- DIIs 7.23%
- Public 33.34%
| % | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 58.31% | 58.31% | 58.31% | 58.31% | 58.31% | 58.31% | 58.31% | 58.31% | 58.31% | 58.31% | 58.31% | 56.86% |
| 0.19% | 0.29% | 0.81% | 0.42% | 0.34% | 0.38% | 0.57% | 1.08% | 1.18% | 1.15% | 1.98% | 2.57% | |
| Foreign portfolio investors (Cat. I) | 0.19% | 0.29% | 0.53% | 0.09% | 0.14% | 0.24% | 0.30% | 0.93% | 0.87% | 0.84% | 1.45% | 1.77% |
| Foreign portfolio investors (Cat. II) | 0.28% | 0.32% | 0.20% | 0.15% | 0.27% | 0.16% | 0.30% | 0.31% | 0.53% | 0.81% | ||
| 18.32% | 13.13% | 12.16% | 11.99% | 11.68% | 11.68% | 11.64% | 10.68% | 9.81% | 9.64% | 6.39% | 7.23% | |
| Mutual funds | 16.70% | 11.51% | 10.30% | 10.19% | 10.12% | 10.12% | 10.08% | 9.52% | 9.04% | 8.90% | 5.70% | 4.41% |
| Insurance companies | 1.44% | 1.44% | 1.44% | 1.38% | 1.38% | 1.38% | 1.38% | 0.97% | 0.64% | 0.56% | 0.50% | 0.45% |
| Alternative investment funds | 0.25% | 0.25% | 0.01% | 0.01% | 0.11% | 0.17% | 0.19% | 2.37% | ||||
| 23.18% | 28.27% | 28.72% | 29.28% | 29.67% | 29.63% | 29.48% | 29.93% | 30.70% | 30.91% | 33.32% | 33.34% | |
| Retail (up to ₹2 lakh) | 13.22% | 16.46% | 16.06% | 16.83% | 17.31% | 16.88% | 16.64% | 16.31% | 16.49% | 16.15% | 17.12% | 15.64% |
| HNIs (above ₹2 lakh) | 0.95% | 1.22% | 1.90% | 1.86% | 1.79% | 2.45% | 2.97% | 3.44% | 3.74% | 3.38% | 4.65% | 5.57% |
| NRIs | 0.57% | 0.67% | 0.65% | 0.82% | 0.78% | 0.85% | 0.85% | 0.91% | 0.93% | 1.13% | 1.17% | 1.14% |
| Bodies corporate | 5.98% | 7.18% | 7.28% | 7.02% | 6.91% | 6.73% | 6.36% | 6.59% | 6.82% | 6.66% | 6.83% | 6.28% |
| IEPF | 0.15% | 0.15% | 0.16% | 0.16% | 0.17% | 0.17% | 0.17% | 0.17% | 0.17% | 0.17% | 0.17% | 0.15% |
| No. of Shareholders | 16,775 | 20,434 | 21,226 | 22,686 | 23,193 | 23,657 | 22,873 | 22,558 | 22,678 | 22,677 | 29,271 | 32,503 |
Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.
Documents
Announcements
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Wheels India Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 201806-Oct-2026
- Trading WindowWheels India Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 201528-Sep-2026
- Outcome of Board MeetingWheels India Limited has informed the Exchange regarding Outcome of Committee Meeting held on September 25, 2026.26-Sep-2026
- Outcome of Board MeetingWheels India Limited has informed the Exchange regarding Outcome of Committee Meeting held on September 25, 2026.25-Sep-2026
- Outcome of Board MeetingWheels India Limited has informed the Exchange regarding Outcome of Board Meeting held on September 24, 2026.24-Sep-2026
- General UpdatesWheels India Limited has informed the Exchange about General Updates21-Sep-2026
- Outcome of Board MeetingWheels India Limited has informed the Exchange regarding Outcome of Board Meeting held on September 21, 2026.21-Sep-2026
- Shareholders meetingWheels India Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on September 17, 2026. Further, the company has informed the Exchan…17-Sep-2026
- Shareholders meetingWheels India Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on September 17, 202617-Sep-2026
- Price movementSignificant movement in price has been observed in Wheels India Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to …10-Sep-2026
- Investor PresentationWheels India Limited has informed the Exchange about Investor Presentation06-Sep-2026
- Investor PresentationWheels India Limited has informed the Exchange about Investor Presentation06-Sep-2026
Annual reports
- Financial Year 202606-OCT-2026
- Financial Year 202516-SEP-2025
- Financial Year 2024
- Financial Year 2023
- Financial Year 202220-JUN-2022
- Financial Year 2021
- Financial Year 2020
- Financial Year 2019
- Financial Year 201817-AUG-2018
- Financial Year 201710-AUG-2017
Credit ratings
Concalls & investor meets
- Analysts/Institutional Investor Meet/Con. Call UpdatesWheels India Limited has informed the Exchange about Presentation06-Sep-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesWheels India Limited has informed the Exchange about Presentation06-Sep-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesWheels India Limited has informed the Exchange about Presentation06-Sep-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesWheels India Limited has informed the Exchange about Schedule of meet02-Sep-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesWheels India Limited has informed the Exchange about Schedule of meet02-Sep-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesWheels India Limited has informed the Exchange about Schedule of meet02-Sep-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesWheels India Limited has informed the Exchange about Schedule of meet28-Aug-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesWheels India Limited has informed the Exchange about Transcript21-May-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesWheels India Limited has informed the Exchange about Link of Recording15-May-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesWheels India Limited has informed the Exchange about Presentation15-May-2026
Filings made by the company with NSE; documents open on NSE's website.
Key dates
- Ex-dividend date
- 24 Jun 2026
- Latest quarter
- 30 Jun 2026
- Financial year end
- 31 Mar 2026
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